UCO Shishu Mudra

UCO Shishu Mudra – Product Details

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Salient Features Of Shishu Mudra Loan for Eligible Customers

Sl No	Particulars	Existing Guidelines
1	Purpose	Need based Term Loan to eligible Shishu Mudra customer for meeting working capital requirements
2	Age	18 years (Entry Level Age) to 65 years (Exit Level Age) [For Individual/Proprietor/Managing Partner(s)/Promoter Director(s)]
3	Eligibility	Individual/Proprietorship Firm/Partnership Firm (Including LLP), Private and Public Limited Company classified as micro enterprises as defined under MSMED Act, 2006 and as amended from time to time. Existing To Bank (ETB) Customers Existing To Bank (ETB) Customers are those customers who are maintaining Savings Bank/Current account with our Bank for at least 1 (One) year as on date of application but have not availed credit facility (excluding Retail Loan) for business purpose. New To Bank (NTB) Customers Customers maintaining Savings Bank/ Current account with our Bank for less than 1 (One) year and have not availed credit facility (excluding Retail Loan) for business purpose. Customers not maintaining Savings Bank/Current account with our Bank but maintaining Savings Bank/Current account with other Bank for minimum 1 (One) year and have not availed credit facility from such Bank (excluding Retail Loan) for business purpose. Requirement for both ETB and NTB Customers Cusomer should have Udyam Registration Certificate. Customer should possess Aadhaar and any one of the Officially Valid Document (OVD) like PAN/Passport/ Driving Licence/Voter ID Card Mobile number provided by the customer on STP Platform during registration process for availing STP Shishu Mudra Loan must be linked to Aadhaar. Customer having PAN in the name of business unit has to provide the same at appropriate place during STP journey. In case operative account is in joint name, account details of primary account holder requires to be furnished.
4	Account Statement	Operative account statement requires to be uploaded by the customer at the time of loan application in any of the following formats: System generated PDF format or Credential generated through Net Banking Maximum number of Bank statement which can be uploaded by the customer is as under: In case of ETB Customers Primary Account (UCO Bank) + 2 Other Bank Account (Savings Bank/Current) statements. In case of NTB Customers Any 3 (Three) Bank Account (Savings Bank/Current) statements as per customer preference.
5	Nature of Facility	Working Capital Term loan
6	Loan Amount	Up to ₹50,000
7	Personal Guarantee	Personal guarantee of Proprietor/ Partner(s)/Promoter(s)/Director(s), in case of Firm/Company.
8	CGFMU Coverage	Annual Guarantee Fee to be recovered from operative account.
9	Repayment Period	To be repaid in 36 Months (Minimum: 12 Months; Maximum: 36 Months) through equated monthly instalment (EMI). No moratorium shall be allowed under this scheme.
10	Rate of Interest	UCO Float Rate + 1.10% i.e. 8.30% + 1.10% = 9.40% (Interest Rate is subject to change from time to time as per Bank’s extant guidelines)
11	Processing Charge	Nil
12	Documentation Charge	Nil
13	CIBIL Charge*	₹100 + GST for Consumer Report ₹1,600 (including GST) for Commercial MSME Rank
14	Inspection Charge	Nil
15	Review/Renewal Charge	Nil
16	CGFMU Guarantee Fee	(1% + Applicable Risk Premium + GST) on Sanctioned Amount
17	NeSL charges*	NeSL e-Signing and e-Stamping charges actual incurred along with GST to be recovered as applicable to NeSL State
18	Fintech Charge*	Actual
19	Insurance Premium	Insurance of asset created out of Bank finance with Bank Clause. Premium for the same to be borne by the borrower.

*Charges are subject to revision from time to time as per extant Bank guidelines

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Salient Features Of End-To-End Kishore Mudra Loan

Kishore Sl No	Particulars	Existing Guidelines
1	Purpose	Need based Term Loan to eligible Kishore Mudra customer for meeting working capital requirements
2	Age	18 years (Entry Level Age) to 70 years (Exit Level Age) [For Individual/Proprietor/Managing Partner(s)/Promoter Director(s)]
3	Eligibility	Individual/Proprietorship Firm/Partnership Firm (Including LLP), Private and Public Limited Company classified as micro enterprises as defined under MSMED Act, 2006 and as amended from time to time. Existing To Bank (ETB) Customers Existing To Bank (ETB) Customers are those customers who are maintaining Savings Bank/Current account with our Bank for at least 1 (One) year as on date of application but have not availed credit facility (excluding Retail Loan) for business purpose. New To Bank (NTB) Customers Customers maintaining Savings Bank/ Current account with our Bank for less than 1 (One) year and have not availed credit facility (excluding Retail Loan) for business purpose. Customers not maintaining Savings Bank/Current account with our Bank but maintaining Savings Bank/Current account with other Bank for minimum 1 (One) year and have not availed credit facility from such Bank (excluding Retail Loan) for business purpose. Requirement for both ETB and NTB Customers Cusomer should have Udyam Registration Certificate. Customer should possess Aadhaar and any one of the Officially Valid Document (OVD) like PAN/Passport/ Driving Licence/Voter ID Card Mobile number provided by the customer on STP Platform during registration process for availing STP Shishu Mudra Loan must be linked to Aadhaar. Customer having PAN in the name of business unit has to provide the same at appropriate place during STP journey. In case operative account is in joint name, account details of primary account holder requires to be furnished.
4	Nature of Facility	Working Capital Term loan
5	Loan Amount	Rs. 50,001 to Rs. 5,00,000
6	Personal Guarantee	Personal guarantee of Proprietor/ Partner(s)/Promoter(s)/Director(s), in case of Firm/Company.
7	CGFMU Coverage	Annual Guarantee Fee to be recovered from operative account.
8	Repayment Period	Term Loan:To be repaid in 60 Months (Minimum: 12 Months; Maximum: 60 Months) through equated monthly instalment (EMI). No moratorium shall be allowed under this scheme. Cash Credit: One year.(To be reviewed/renewed annually)
9	Rate of Interest	UCO Float Rate + 1.35% i.e. 8.30% + 1.35% = 9.65% (Interest Rate is subject to change from time to time as per Bank’s extant guidelines)
10	Processing Charge	Nil
11	Documentation Charge	Nil
12	CIBIL Charge*	₹177 (including GST) for Consumer Report ₹1,600 (including GST) for Commercial MSME Rank
13	Inspection Charge	Nil
14	Review/Renewal Charge	Nil
15	CGFMU Guarantee Fee	(1% + Applicable Risk Premium + GST) on Sanctioned Amount
16	NeSL charges*	NeSL e-Signing and e-Stamping charges actual incurred along with GST to be recovered as applicable to NeSL State.
17	Fintech Charge*	As per bank’s extant guideline
18	Insurance Premium	Insurance of asset created out of Bank finance with Bank Clause. Premium for the same to be borne by the borrower.

*Charges are subject to revision from time to time as per extant Bank guidelines

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Salient Features Of End-To-End Tarun Mudra Loan

Kishore Sl No	Particulars	Existing Guidelines
1	Purpose	Need based Term Loan to eligible Kishore Mudra customer for meeting working capital requirements
2	Age	18 years (Entry Level Age) to 70 years (Exit Level Age) [For Individual/Proprietor/Managing Partner(s)/Promoter Director(s)]
3	Eligibility	Individual/Proprietorship Firm/Partnership Firm (Including LLP), Private and Public Limited Company classified as micro enterprises as defined under MSMED Act, 2006 and as amended from time to time. Existing To Bank (ETB) Customers Existing To Bank (ETB) Customers are those customers who are maintaining Savings Bank/Current account with our Bank for at least 1 (One) year as on date of application but have not availed credit facility (excluding Retail Loan) for business purpose. New To Bank (NTB) Customers Customers maintaining Savings Bank/ Current account with our Bank for less than 1 (One) year and have not availed credit facility (excluding Retail Loan) for business purpose. Customers not maintaining Savings Bank/Current account with our Bank but maintaining Savings Bank/Current account with other Bank for minimum 1 (One) year and have not availed credit facility from such Bank (excluding Retail Loan) for business purpose. Requirement for both ETB and NTB Customers Cusomer should have Udyam Registration Certificate. Customer should possess Aadhaar and any one of the Officially Valid Document (OVD) like PAN/Passport/ Driving Licence/Voter ID Card Mobile number provided by the customer on STP Platform during registration process for availing STP Shishu Mudra Loan must be linked to Aadhaar. Customer having PAN in the name of business unit has to provide the same at appropriate place during STP journey. In case operative account is in joint name, account details of primary account holder requires to be furnished.
4	Nature of Facility	Working Capital Term loan
5	Loan Amount	Rs. 5,00,001 to Rs. 10,00,000
6	Personal Guarantee	Personal guarantee of Proprietor/ Partner(s)/Promoter(s)/Director(s), in case of Firm/Company.
7	CGFMU Coverage	Annual Guarantee Fee to be recovered from operative account.
8	Repayment Period	Term Loan:To be repaid in 60 Months (Minimum: 12 Months; Maximum: 60 Months) through equated monthly instalment (EMI). No moratorium shall be allowed under this scheme. Cash Credit: One year.(To be reviewed/renewed annually)
9	Rate of Interest	UCO Float Rate + 1.35% i.e. 8.30% + 1.35% = 9.65% (Interest Rate is subject to change from time to time as per Bank’s extant guidelines)
10	Processing Charge	Nil
11	Documentation Charge	Nil
12	CIBIL Charge*	₹177 (including GST) for Consumer Report ₹1,600 (including GST) for Commercial MSME Rank
13	Inspection Charge	Nil
14	Review/Renewal Charge	Nil
15	CGFMU Guarantee Fee	(1% + Applicable Risk Premium + GST) on Sanctioned Amount
16	NeSL charges*	NeSL e-Signing and e-Stamping charges actual incurred along with GST to be recovered as applicable to NeSL State.
17	Fintech Charge*	As per bank’s extant guideline
18	Insurance Premium	Insurance of asset created out of Bank finance with Bank Clause. Premium for the same to be borne by the borrower.

*Charges are subject to revision from time to time as per extant Bank guidelines

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Salient Features Of End-To-End Digital MSME SMART FINANCE Loan

Sl No	Particulars	Existing Guidelines
1	Purpose	For acquiring assets or meeting working capital requirements for MSME entrepreneurs.
2	Age	Minimum : 21 years and Maximum : 65 years [For Individual/Proprietor/Managing Partner(s)/Promoter Director(s)]
3	Eligibility	Customer should have operative account with Bank as primary account holder and minimum available balance of Rs 2,000/- should be maintained for upfront charge collection. Existing credit facility, if any should not be under SMA-1/SMA-2/NPA category during last 12 months. Unit must be in business for minimum 2 (Two) years and should be profit making. Customer should possess Aadhaar and any one of the Officially Valid Documents (OVDs). Mobile number provided on STP Platform for availing loan must be linked to Aadhaar.
4	Nature of Facility	Fund based Term Loan and/or Working Capital.
5	Loan Amount	Maximum: ₹25 Lakhs
6	Personal Guarantee	Personal guarantee, of Proprietor/Partner(s)/Promoter(s)/Director(s)(in case of Firm/Company). Third Party guarantee should be obtained only if collateral offered is in the name of third party.
7	CGTMSE Coverage	Loan under this scheme to be covered under CGTMSE. In case borrower does not want loan to be covered under CGTMSE, immovable and/or liquid security equivalent to the sanctioned credit limit to be provided. Annual Guarantee Fee (AGF) to be borne by the borrower as per extant guidelines.
8	Tenure	Cash Credit: One year Term Loan: Maximum 84 Months *To be reviewed/renewed annually.
9	Moratorium Period	Nil
10	Rate of Interest	UCO Float Rate + 2.10% i.e. 8.30% + 2.10% = 10.40% (Interest Rate is subject to change from time to time as per extant Bank guidelines)
11	Unified Fee	0.50% of sanction limit plus GST as applicable
12	Digital Conveyance Fee	₹2,000 plus applicable GST.
13	CGTMSE Annual Guarantee Fee	Actual as applicable.
14	Legal and Valuation Charges	Actual as applicable.
15	Inspection Charge	NIL
16	Review/Renewal Charge	As per extant Bank guidelines.
17	Insurance Premium	Insurance of asset created out of Bank finance shall be obtained preferably through Bank’s Channel Partner with Bank Clause. Premium for the same to be borne by the borrower.